the crucial support 8565
will take nifty to (0.618 level) 8320 within short span of time.
If Nifty takes support at 8565 level,
still it should sustain above 8720 to move further towards 9000+.
One may expect short term bounce back
as is oversold as of now
So, every pullback is opportunity for SHORT, SHORT, SHORT!!!
I expect the next phase of momentum to get initiated from 23rd November 2016 onwards.